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Boeing Weighs Raising $10 Billion By Selling Its Stock
Boeing Co. is considering raising at least $10 billion by selling new stock as the planemaker seeks to replenish cash reserves depleted...

By The Financial District
Oct 11, 20241 min read


Aboitiz InfraCapital And Yuchengco Group To Jointly Develop Economic Estate In Central Luzon
Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, and the Yuchengco Group of Companies’ House of Investments (HI)...

By The Financial District
Oct 10, 20242 min read


Pepsi Cuts Revenue Forecast As Sales Growth Weakens
PepsiCo has lowered its organic revenue forecast for the year as U.S. consumers continue to reduce purchases of its snacks and beverages.

By The Financial District
Oct 10, 20241 min read


Tesla Discontinues Most Affordable Model 3 Variant In U.S.
Tesla's most affordable Model 3 compact sedan is no longer available for order in the U.S.

By The Financial District
Oct 10, 20241 min read


Russia Files Lawsuit Against Shell Units, Court Documents Show
Russia's Prosecutor General has filed a lawsuit against several units of energy major Shell, according to court.

By The Financial District
Oct 10, 20241 min read


Meralco, Doosan Partner For Low-Carbon Energy
The Manila Electric Company (Meralco) and South Korea's Doosan Enerbility Co., Ltd. have entered into a strategic partnership aimed at...

By The Financial District
Oct 10, 20242 min read


Coca-Cola Loses Its Fizz With Plan To Axe Hundreds Of Jobs In Germany
Coca-Cola is set to shut down five production and logistics sites in Germany in an attempt to cut costs and adapt to changing logistics...

By The Financial District
Oct 8, 20241 min read


Louis Vuitton Owner Clinches 10-Year Sponsorship Deal With Formula 1
French luxury giant LVMH has secured a 10-year sponsorship deal with Formula 1, covering its Louis Vuitton, Moet Hennessy, and TAG Heuer...

By The Financial District
Oct 8, 20241 min read


Seven & i to Start Sale Of Majority Stake In Supermarkets: Nikkei
Japan's Seven & i Holdings plans to seek buyers for a majority stake in its supermarket businesses, including its flagship Ito-Yokado.

By The Financial District
Oct 8, 20241 min read


Intel, U.S. To Finalize $8.5 Billion Chips Funding By Year-end
Intel and the U.S. government are expected to finalize $8.5 billion in direct funding for the chipmaker by the end of the year.

By The Financial District
Oct 8, 20241 min read


Italian Watchdog Probes Shein Over Greenwashing
Italy’s antitrust watchdog is investigating fast fashion giant Shein for potentially misleading claims about its sustainability practices.

By The Financial District
Oct 8, 20241 min read


Dems Slam Companies Prioritizing Exec Pay Over Taxes
A group of congressional Democrats and Independent Sen. Bernie Sanders have highlighted dozens of profitable US corporations that have...

By The Financial District
Oct 8, 20242 min read


TikTok Axes Accounts Tied To Russian Media Over Meddling In U.S. Polls
TikTok has removed accounts associated with two Russian media groups for attempting to exert "covert influence" on the upcoming US...

By The Financial District
Oct 8, 20241 min read


SpaceX To Send Five Uncrewed Starships To Mars In Two Years
SpaceX plans to launch about five uncrewed Starship missions to Mars in two years.

By The Financial District
Oct 8, 20241 min read


Business-Friendly Reforms Underscored
Finance Secretary Ralph G. Recto has highlighted the Philippines’ business-friendly reforms, welcoming investors before members of the...

By The Financial District
Oct 8, 20243 min read


U.S. Port Union Suspends Strike After New Wage Offer
The International Longshoremen’s Association (ILA) has agreed to suspend a strike that shut down major ports on the East and Gulf Coasts.

By The Financial District
Oct 7, 20241 min read


German Supermarkets Take The Fight To UK Competitors
High investment and low prices are shaking up the UK supermarket sector. German retailers Aldi and Lidl are outpacing their UK competitors..

By The Financial District
Oct 7, 20241 min read


Toyota To Delay U.S. EV Production To 2026 Amid Slowing Sales
Toyota Motor will postpone the start of electric vehicle production in North America to the first half of 2026 due to design adjustments...

By The Financial District
Oct 7, 20241 min read


U.S. Probes Tech Firms SAP, Carahsoft Over Potential Price-Fixing
The U.S. is investigating several companies, including German software developer SAP SE and Carahsoft Technology, for allegedly conspiring..

By The Financial District
Oct 7, 20241 min read


U.S. Port Strike Disrupts Hamburger Supplies, Frozen Seafood
Dockworkers striking at U.S. East Coast and Gulf Coast ports are preventing imports of beef that restaurants and retailers increasingly ...

By The Financial District
Oct 7, 20241 min read


ChatGPT Maker OpenAI Raises $6.6-B In Fresh Funding
OpenAI has announced having raised $6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from...

By The Financial District
Oct 7, 20241 min read


EPA Mulls Withdrawing Approval For Chevron’s Plastic-Based Fuels
The U.S. Environmental Protection Agency (EPA) is planning to withdraw and reconsider its approval for Chevron to produce 18 plastic-based..

By The Financial District
Oct 7, 20241 min read


Elon Musk’s X Is Worth Nearly 80% Less Than When He Bought It
The social media platform formerly known as Twitter is now worth almost 80% less than it was when Elon Musk bought it two years ago.

By The Financial District
Oct 7, 20241 min read


John Deere Recalls Nearly 165,000 Utility Tractors For Brake Defect
A potentially defective brake link has led John Deere to recall nearly 165,000 compact utility tractors sold in the U.S. and Canada.

By The Financial District
Oct 7, 20241 min read
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